Answer:
The correct answer is: All of the above are considered institutional communication clients.
Explanation:
According to the Financial Industry Regulatory Authority (FINRA), an institutional communication refers to one that is attributed to an institutional investor such as a bank, savings, and loan, an insurance company, a registered investment company or adviser, an employee benefit plan with a minimum of one hundred (100) participants, a government entity or a person with at least $50 million of assets for investment.
